JAKARTA - Indonesia is set to relax property rules soon to make it easier for foreigners to own homes in the country, a Cabinet minister said on Thursday (July 23), in a major change that could spur the slumping economy. Agrarian and Spatial Planning Minister Sofyan Djalil told property tycoons in a webinar that the new property rules set to be ratified into law by the end of next month (August), will...
The Coordinating Minister for Maritime Affairs and Investment, Pak Luhut Binsar Panjaitan, announced that Indonesian officials will not open the tourism sector to foreign tourists until the end of 2020. The Provincial Government of Bali was set to reopen the tourism sector for foreign tourists on September 11, 2020, followed by strict health protocols to reduce the potential for transmission of...
How Asia hotels are navigating an unprecedented cash crunch Just how severe is the cash crunch currently faced by the Asian hospitality industry? AddThis Sharing Buttons Share to FacebookShare to TwitterShare to LinkedInShare to WhatsAppShare to More2 In simplest terms, hotels are in a serious but not hopeless situation. In comparison with other real estate asset classes, the...
The U.S. Department of State lifted its "Do Not Travel" advisory for all international travel on Thursday after nearly five months. The advisory was put in place in March as cases of COVID-19 began to spread exponentially around the world. The bulletin originally placed all countries outside the U.S. under a Level 4: Do Not Travel warning—the highest level advisory—due to the risk of contracting...
After over two months of lock-down and a downturn on the island’s economy, things are finally getting back on track as more places open for business. From beaches, restaurants, cafes, boutiques, and even dance clubs, Bali has definitely been busier as places continue to welcome locals, tourists and expats with amazing deals and promotions. As things pick up in South Bali, with places like Seminyak,...